Investors remain keen on gov't power assets

01 Oct 2008

Investors remain positive about the government's power privatization program as shown by their attendance in the three pre-bid conferences conducted last September by the Power Sector Assets and Liabilities Management Corporation (PSALM) for the generation assets to be auctioned off before the year ends.

The three investor groups seeking to participate in the second round of bidding for the 0.8-megawatt (MW) Amlan power facility attended the pre-bid conference held yesterday (30 September) by PSALM at its Makati office.

All seven interested parties in the sale of the decommissioned 108-MW Aplaya and 22.3-MW General Santos diesel power plant package were present in the pre-bid conference that PSALM conducted last Friday (26 September 2008).

Meanwhile, the pre-bid conference for the resale of the generating 146.5-MW Panay and 22-MW Bohol diesel power complex held Thursday, 25 September, was attended by all five investor groups who were briefed on the details of the Bidding Procedures and who clarified issues regarding PSALM's sale process.

The 15 investor groups (three for Amlan, seven for Aplaya-General Santos, and five for Panay-Bohol) all satisfied the preliminary requirements of PSALM as stipulated in the Invitation to Bid published in the major newspapers last 03-05 September 2008.

The decommissioned Aplaya-General Santos and the generating Panay-Bohol and Amlan power facilities are the last assets in PSALM's auction list this year.

PSALM will bid out the Panay-Bohol power plant package on 12 November and the Aplaya-General Santos power complex on 14 November 2008. The bid date for the Amlan hydropower facility is set on 10 December 2008.

Strategic Communications and Partnership Division
Tel. No. (632) 9029067